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Vietnam, South Korea uplift ties to comprehensive strategic partnership

Vietnam and South Korea have elevated their bilateral relationship to that of a comprehensive strategic partnership, President Nguyen Xuan Phuc said Monday. “With an eye on a bright future, we’ve decided to upgrade our relationship to that of a comprehensive strategic partnership,” Phuc said at a press conference in Seoul …

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Vietnam central bank raises cap on 2022 credit growth

Vietnam central bank raises cap on 2022 credit growth

Vietnam’s central bank said on Monday it had raised its 14% cap on the local banking system’s credit growth for this year by 1.5-2.0 percentage points. The move comes after the local property and financial markets have faced a credit crunch over the past weeks following increases in the central …

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